Brazil’s pension reform process will pick up momentum after the Easter holidays, staying on track for approval in the lower house in May or June, the lower house speaker Rodrigo Maia said on Thursday.16 comments
Brazilian Economy Minister Paulo Guedes said on Wednesday he is “optimistic” that Congress will pass a pension reform bill that will generate savings of 1 trillion reais (US$ 261.68 billion) over 10 years, in line with the government’s ambitious proposal.1 comment
Brazil’s lower house of Congress reelected on Friday by a vast majority Rodrigo Maia, from the Democratas party, for a new two-year term as president of the chamber. Maia had the support of Brazil’s newly elected President Jair Bolsonaro and has pledged to work with the new administration to pass key reforms seen as crucial for the country to balance its budget, such as the pension reform.
Brazil president-elect Jair Bolsonaro backtracked on some of his more controversial pledges promising to expand trade with China and rethink the idea of moving the country’s embassy in Israel to Jerusalem. Bolsonaro is currently in Brasilia for various meetings with senior officials and transition arrangements.
Brazil's government said late Thursday that a deal had been reached with truckers to suspend a four-day-old strike that caused fuel shortages, cut into food deliveries, backed up exports and threatened airline flights.
Brazil's highest court voted on Thursday to restrict a legal protection afforded to federal lawmakers that critics say has resulted in impunity, as the country grapples with massive official corruption. The protection known as “privileged standing” allows tens of thousands of politicians to have cases against them tried in higher courts than a normal citizen would.
Finance Minister Henrique Meirelles said on Wednesday that he is focused on Brazil’s economic recovery and not thinking at this time of running for president in the October election, though he might consider a bid in April.
Brazil’s political affairs minister Carlos Marun said on Monday that passage of a bill to overhaul the country’s costly social security system has effectively ground to a halt in Congress and would become a campaign issue in this year’s election.
Brazil's federal police have arrested a congressman on corruption charges at Sao Paulo's international airport, saying they feared he could try to escape to Paraguay. A panel of the country's top court this week ordered the arrest of Congressman Joao Rodrigues after his corruption conviction was upheld by a federal court.
Brazilian Finance Minister Henrique Meirelles said on Monday that although there may be differences in strategy between president Michel Temer and the speaker of the House of Representatives, Rodrigo Maia, everyone's goal is to ensure the approval of the pension reform.